Santonio Holmes
Snyder will have to open up his wallet again if he wants to sign Holmes, in what likely will be a bidding war between the Jets and the Redskins. Reuters

The Washington Redskins may be targeting one of the best free agent wide receivers on the market in New York Jets' Santonio Holmes.

According to sources with the NY Daily News, the Redskins have put Holmes at the top of their list of free agents the team wants to sign.

Redskins owner Daniel Snyder is not shy about giving big money to big free agents as he showed last year in the $41 million guaranteed deal that Albert Haynesworth got.

Snyder will have to open up his wallet again if he wants to sign Holmes, in what likely will be a bidding war between the Jets and the Redskins.

Drafted in the first round by the Pittsburgh Steelers in 2006, Holmes was the Super Bowl MVP in 2009. In 2010, Holmes was suspended for four games by the NFL for violating its substance abuse policy and traded to the New York Jets.

Due to the suspension, Holmes played in limited games for the Jets, but still caught 52 passes for 746 yards. He has averaged 16 yards per catch in his career.

With the NFL lockout, free agency may only last a week, meaning that teams will be scrambling to sign the best free agents.

This may play into Holmes' favor as either the Jets or Redskins may quickly drive up the price on each other, knowing there is not a lot of time to negotiate.

The combination of Holmes' championship experience and youth may make him one of the highest paid free agents this year.